Sensex extends gain, sharply up by 71 points
Sensex extended it's sharp gain for the second straight day and rallied further up to end at 9,520.96.india Updated: Jan 20, 2006 17:26 IST
The Bombay Stock Exchange benchmark Sensex extended it's sharp gain for the second straight day on Friday and rallied further up by 71.12 points to end at 9,520.96 on increased buying activity.
Shares pared early gains on some profit-selling at higher level, especially in IT shares, as market men found Satyam Computers results less attractive. However, rally in a large number of index-based shares in Capital Goods, Auto and PSU segments, which attracted good buying, helped the Sensex gain smartly.
The 30-share index opened the day on a strong note at 9,493.39 points as against Thursday's close of 9,449.84 and zoomed to an intra-day high of 9,556.19. Later, it softened and finished at 9,520.96, showing a sharp gain of 0.75 per cent over the last close.
Fairly good amount of FII inflow generated heavy buying by operators and retail investors. With Wednesday's inflow of Rs 2.30 crore, FIIs have a made a net investment of Rs 1,951 crores during the current month, they added.
Satyam Computer's Q3 net firmed up by 13.8 per cent to Rs 270 crores as against Rs 237.34 crore during the same period of the previous year, which was below the market expectations, a broker said.
Elsewhere, Maruti Udyog reported a 41.8 per cent rise in net third quarter profit to Rs 339 core as against Rs 239.6 per cent in the corresponding period of the last fiscal and ICICI Bank's Q3 profit rose to Rs 640.8 crore from Rs 517.68 crore for the same period of the previous year.